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that majority. i was encouraged to hear that speaker boehner agree that tax revenue has to be part of this equation. so i look forward to hearing his ideas when i see him next week. and let me make one final point that every american needs to hear. right now, if congress fails to come to an agreement on an overall deficit reduction package by the end of the year, everybody's taxes will automatically go up on january 1st. >> let's bring in our chief white house correspondent, jessica yellin. let's move the story a little bit. the president is going to on a trip overseas but he's got to get involved deeply in negotiation. his top aides will be meeting with the republicans on the hill. >> in the coming days the president has invited the leaders of the house and the senate, to talk about these negotiations and begin basically laying out where each side stands. right now what we know is that the major sticking point is over this tax rate for the top earners. the president as you just heard saying the tax rates for those making $250,000 and up must increase. house republicans making it c
refused to consider higher tax rates. timing is also a sticking point here. here is john boehner this weekend. >> 2013 should be the year to begin to solve our debt through tax reform and entitlement reform. together we should avert the fiscal cliff in a manner that ensures 2013 finally is that year. >> no accident, by the way, it was boehner who did the republican response to the president this weekend. the president holds the most leverage in the next two months, directly after the election and before tax rates expire. when the threat of a tax increase on the middle class hangs over the negotiations. republicans would like to try out the negotiations to see the political climate is better for them in the next congress. the big question is how much did the white house learn from the failed debt talk to 2011? will the president bypass leader ship and begin to try to deal directly with the republican senators who have sounded the most open to compromise. >> i think there is a deal. the ying and yang of this is we know there have to be revenues. look, i haven't met a wealthy republ
on abc news house speaker boehner ruled out any deal that lets any tax rates go up. >> raising tax rates is unacceptable and frankly, it couldn't even pass the house. i'm not sure it can pass the senate. >> vice president biden, meantime, told reporters off camera the voters gave democrats a clear mandate on taxes by re-electing a president who promised the following over and over again. >> another $5 trillion tax cut that favors the wealthy is not change. i'm not going to turn medicare into a voucher just to pay for another millionaire's tax cut. i'm going to lower taxes for middle class folks. let's also make sure the wealthiest households pay a little bit more. >> keeping them honest, americans did vote for that by a slim majority in the popular vote and comfortable majority in the electoral college. they also increased the democratic lead in the senate. however, they preserve republican control of the house so no matter how ugly you think the tone in washington has been over the last four years, no matter how childishly you think a lot of lawmakers have acted on a structural level, w
with house speaker john boehner. to begin talks on how to prevent the country's economy from going over the so-called fiscal cliff. both boehner and snart majority leader harry reid sounded conciliatory notes yesterday. >> mr. president, this is your moment. we're ready to be led. not as democrats or republicans, but as americans. >> it's better to dance than to fight. it's better to work together. >> boehner even opened the door to raising new revenues, code for taxes, though not through tax rates. he does put on some conditions. >> in order to garner republican support for new revenues, the president must be willing to reduce spending and shore up entitlement programs that are the primary drivers of our debt. >> so that is a shift in a negotiating position. now boehner suggested temporarily extending the current tax rates, pushing serious negotiations on a broader tax deal into 2013. while the president has hinted in the past that he's willing to include the issues of social security and medicare in the fiscal negotiations, what's not clear is whether the rest of his party is going to
and the american people supported that stance and not rush limbaugh, speaker boehner should stand in the way. either they get in line or they can get run over and judging by the resounding welcome he got, the president got a lot of wind at his back. >> the president and vice president of the united states. [cheers and applause ] >> thank you. thank you, everybody. thank you. thank you very much. >> the support for the president's economic ideas extend far beyond that room. americans need a balance solution to our fiscal problems, not the one-sidedness that the gop is pushing. >> on tuesday night, we found out that the majority of americans agree with my approach and that includes democrats, independents, and a lot of republicans across the country as well as independent economists and budget experts. that's how you reduce the deficit, with a balanced approach. i want to be clear, i'm not we hadded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. but i refuse to accept any approach that isn't balanced. i am not going to
that will automatically go into effect at the end of the year. speaker of the house john boehner opened the door yesterday to getting the deal done and striking a more conciliatory tone. >> mr. president, this is your moment. we're ready to be led, not as democrats or republicans, but as americans. we want you to lead, not as a liberal or a conservative, but as president of the united states of america. we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's rise above the dysfunction and do the right thing together for our country. >> meantime, senate majority leader harry reid said he is open to working together too, but there was a but. >> i'm going to do everything within my power to be as conciliatory as possible. i want to work together. but i want everyone to also understand you can't push us around. we want to work together. >> let me bring in legendary investigative journalist carl bernstein and political reporter for "the washington post" nia ma malika henderson. good morning to you. everybody is sounding cordial, but we still have the same players.
john boehner and mitch mcconnell but he was told they were asleep, quote after his speech, mr. obama tried to call both mr. boehner and the senate republican leader, mr. mcconnell but was told they were asleep. i realized it was a late night and everything but if the president calls you and you are asleep, do you not get woken up? isn't that sort of a standing order? one of the things we can all agree on the sort of thing you get out of bed for? the president's an on the phone, okay, i'll wake up and take the phone no matter who you are? no. john boehner and mitch mcconnell were still asleep and no woke them up. since then, they have made statements about what they see happening in this next year, indicating that maybe they also slept through the part of the night when the results of the election came in. mr. mcconnell put out a statement what's clear about this election is that the voters have not endorsed president obama's first term. the fact that the president won the election is not an endorsement of the president? filling in a little bubble next to the m
with members of congress. we saw him already reach out by phone to john boehner, to mitch mcconnell, also to leadership in the democratic party. so we'll see if this promise of bipartisanship will last beyond just a couple of days. >> dan lothian for us this morning. thank you, dan. let's get right to john berman with a lack at some of the other stories making news today. good morning. >> good morning, soledad. cnn is projecting that ann kirkpatrick will return to congress. she barely beat republican challenger, jonathan payton. yet several house races are still up for grabs across the country this morning. in palm springs, california, republican mary bono mack, she's not giving up. she trailed democrat raul luis with all precincts reporting, but she says a large number of ballots have yet to be reported. mack's husband, connie mack, lost his bid in florida to bill nelson. in another tight race, alan west is not conceding defeat. he's demanding a partial recount in his re-election bid against democratic challenger patrick murphy. right now murphy has a very slim lead of less than 2,100 vo
last year between boehner and obama really focused on $800 billion figure. now the white house is floating a much larger number. how do those ceos react? how do we get those negotiations going inside the room with the president here at the white house today. >> able, how much do you believe that the ceos are really going to be able to sway the president on some of the issues that maybe he has been less flexible on in the past? >> i don't think this is about swaying the president at all. i think this is about face time with the president. i think this is an effort by the two white house to demonstrate very publicly they've talked to all the plargs in the labor community yesterday and now the business community today. demonstrate they are taking in ideas from all sides. basically the positions are fairly well entrenched. in order for a final negotiation to go on it is going to be between boehner and the president, it will be something like what they were working on last year. if the ceos in today's meeting throat new ideas, there is a small chance that those will be included in t
. you heard everyone singing the kumbaya tune. you heard john boehner talking about the fact on the issue that has divided them on the fiscal cliff issue saying clearly that hedoes not want to raise taxes. he did say that maybe he would be for some kind of raising some kind of revenue. he didn't say what that means but talked about broad tax reform. on the other side of the capital. you saw right there the senate majority leader harry reid feeling like he has leverage here, it was a clear-cut issue, but also because of the mechanics of it. if nobody does anything, taxes will go up. so democrats realize that, they feel like they are probably right. >> there was a private conference call that he had, what do you know about it? >> we were told this was a call where all house repubca were on it. he was sober and he tried to buck everyone up and said that we are the lift line of defense from an america that barack obama would design. he had a clear message which was hold your fire. i need to have running room. i need to have running room to figure out how we can do this the right
find compromise? house speaker john boehner says he's ready to talk. >> talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows this. he knows that he and i can work together. now the election is over. now it's time to get to work. >> brianna keilar is at the white house. so, brianna, what do you expect president obama to say in this afternoon's remarks? >> reporter: carol, i think this is really going to be him sort of setting the scene and explaining to the american people what is at stake here, some of the things that christine outlined. we know that yesterday the cbo, congressional budget office put out a report saying that really the stakes here, that you could see the country sink into recession next year if we went off the fiscal cliff, that the unemployment rate could jump almost 2%. these are very serious things. this is post election. president obama's chance to kind of turn people's attention to this. and to urge congress to work together and to act. you heard him on tuesday night in chicago talki
seize the feature together. >> you have speaker boehner. >> let's do the right thing together for our country. >> you have to do this. >> i have never been more hopeful about our future. >> i know a lot of you are already on my side. >> i have two strong words for you. >> fiscal cliff. >> come on. >> oh, okay. all right. >> the fiscal cliff clock ticks on. >> it was the most expensive political election in history. >> a big, fat, zero. >> some soul searching about the feature future of the party. >> you think i do this night after night for your amusement? >> how do you repay me? >> four more years of hope and change. >> today republican ares battled with republicaned over why they lost an election they were sure they were supposed to win. we know they will never figure it out. today was the president's first full day at the white house. >> in the coming weeks and months i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together reducing our deficit reforming our tax code fixing our immigration system and freeing our
wants. i think john boehner was very clear that everything is on the table with respect to revenue reductions -- revenue increases as well as spending reductions, but there are certain things that aren't. and i think what john boehner said is right, we should not be increasing tax rates on businesses in america. so i think you're going to look at it from the standpoint of can we tighten the tax code, limit deductions? there are things we can do to simplify the code that will result in more revenue because it will result in more growth. i think republicans absolutely should put those things on the table and revenue certainly should be part of the deal. >> some people are blaming you for mitt romney's failure, and i'll explain to you why. >> i wish i had such power here that i could be blamed for these things. >> allow me to elaborate. what they're saying is if he hadn't been pushed into fairly right wing quite extreme positions in his battle against the likes of you early this year for the public nominee race, then he wouldn't have gotten himself in this unholy mess of being branded
boehner said they would continue to staunchly oppose tax rate increases, but on sunday. bill kristolly to republican house members it's not just them versus the president, it's them versus history. >> i think republicans will have to give in much more than they think. four presidents in the last election vo won 50% of the vote twice. roosevelt, eisenhower, reagan, and obama. republicans in the house will be able to get some concessions, but i think there will be a big budget deal next year, and it will be much moran obama budget deal than paul ryan budget deal. elections have consequences. karen capehart, did you expect anything this big this fast? bill kristol is influential with republicans in washington. i'm stunned with what i'm hearing? >> i almost fell out of my chair when boehner said revenues. the idea of increasing revenues. that's a central argument that we have been having over the last four years, and the very expensive i told you so i guess. if we're going to get to this problem, we have to deal with revenues, we can't just do it all on the spending side. >> jonathan capeh
is there to do? the signals from john boehner, the speaker of the house, are that he's got some more leverage with his republican caucus than he had back in the day, and that there is talk of coming up with more revenue. maybe not calling it a tax increase, not a rate increase, but finding some way to raise some more money. >> right. you know, andrea, i hate to sound an optimistic note when it comes to politics, but i do think the signals coming out of john boehner's sort of world, and out of president obama's statement last week is that there can be some common ground here, that president obama, i think, clearly has some leverage due to what happened in the, in his own race, as well as at the senate level. so i think he has that. and then john boehner, i think a little bit more questionable in how much more leverage he has within his own caucus, but we shall see. if both of them can sort of say, look, let's do this, this is important to the country, let's move on, we can disagree about lots of other things, but we're going to compromise and move forward. whether that compromise is not raisin
for the democratic leadership, speaker boehner also intends to stay on, so we'll be seeing some of these elections take place but the big surprise is not a surprise, she's staying put. >> nbc's kelly o'donnell on capitol hill for us. kelly, thanks so much. >>> there is an awful lot happening from capitol hill and during what is expected to be the lame duck session i'll talk with maxine waters next. >>> then just over two hours until the president's news conference, first one difference re-election. what do you think the first question will be? reporters asking about what? tweet me at thomas a. roberts or find me on facebook, thomas a. roberts on msnbc. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you f
-like reaction, not a cliff-like reaction, and the leaders of wall street will help john boehner to make a better deal rather than pressuring him to make a deal that's bad for the economy and the fear that we don't get a deal will lead to getting a deal because the pressure correctly applied. >> the issue here is will we go over the cliff? i stopped saying cliff. sorry. okay, okay. but i think the question is do we get to the grassy gradual slope or not and then level roonlg. this is the first time since 2010 that's obama's had the leverage with republicans and saying there, you mentioned that poll yesterday adding to the leverage because, voters, you think to go over this so-called cliff and referring to the nervousness. who will you blame? >> republicans. >> republicans. that's more leverage of obama on that question and look at. yeah, he didn't draw that red line as krystal said at the beginning but as close to be an absolutist for incomes over $250,000 as he can be. this is an issue that he ran on. this bothers him ruled by republicans two years ago and taxes are not where they should be hist
with boehner next year. talk to us about how your plan works. >> the interesting thing is if you look at the amount of income tax paid, it's about $1.3 trillion. 1. 1 from individuals, 200 billion from corporations. people always ask how can our marginal rates be so nominally high and net so little money. the reason is we have $1.1 trillion of back door spending in the tax code. that's for deductions for credits. what we said is, look, let's wipe out all of those. let's broaden the base, simplify the code. let's use 92% of that money that we're using from getting rid of the tax expenditures to reduce income tax rates and 8% of the money or about $100 billion a year, to reduce the deficit. $800 billion a year over ten years is where our $1 trillion of our $4 trillion comes from in our deficit reduction plan. >> and what rate are you going change? 8%, you know, 0 to 70 grand. 14 over that. take the corporate rate to 36. if you can't do that, you can't tax your way out of this. you can't cut spending your way out of this. you can't grow your way out of this. so grab hold. it's going to b
comes from and what type of reform comes with it. >> reporter: but boehner shut down the idea of targeting increasing taxes on the rich. the top democrat in senate implied any compromise would need to include the president's plan. >> there was a message sent to us by the american people based on the campaign. that is people making all this money have to contribute a little bit more. >> reporter: exit polls from tuesday show voters side with the president on the tax issue. 47% of voters said that taxes should increase for people make being more than $250,000 a year. 13% said they should increase for everyone. the administration and sources say there's speculation and they won't confirm it but likely to be a meeting between the president and congressional leaders soon maybe even next week. >> bill, thank you very much. the fiscal cliff was one of the issues behind wednesday's selloff. the dow jones industrials lost 313 points. worst day the year, the index fell below 13,000 for the first time in two months. rebecca jarvis is watching the countdown to the fiscal cliff for us. goo
and the fiscal cliff here. today "the washington post" trying to read the tea leaves. what was boehner saying? does the white house have a mandate? are the next six weeks, eight weeks going to be about watching political posturing, trying to trade off of that? >> unfortunately. grover norquist in my class in college and he was an outlier then and he's not now. everyone's shifted so far to the right in politics. even the left, you can argue the democrats shifted because they can't spend like they used to. if he is in charge of the party, i think there's a fiscal cliff avoid answer. i don't know if he is. >> were you encouraged by what was said yesterday? hard to tell. early days. >> everybody's been encouraged is fooled. fool me once. i think that the proof will be real change within the hard right tea party of the republican party. because, i mean, look. i think that obama, whether you like him or not, obama said you raise revenue. have a talk. boehner did mention raising revenues but does he have people in the tea party wing this agrees with him? i don't know. what do you think? >> i don't k
in 2013. president is scheduled to make remarks on the cliff at 1 p.m. time. speaker boehner will address us. can the president say anything to make this whole week look like a dream? >> that's a tough one. what our lalt friend mark haines used to talk about, we need a capitulation, we need the answer, no, are you kidding? there was a congressman on "squawk" this morning say, yes, don't worry about it. when i hear that i say, no, it's not going to happen. we have to have them worry, as worried as we are. i still see this kind of grover norquist run republican party which would rather not have a tax increase and take the tit titanic down in the name of the country. >> viewers will say, wasn't wednesday a woosh? what qualifies a woosh at this point? in terms of the signs we've seen, isn't that qualified as a woosh. >> you open down and rally between 12 and 1. you get the 10 to 1 ratio. i'm just quoting mark haines. if you saw 20 to 1, you would say, you need to buy it. i need to see hains rules. he called too many huge bottoms using his rules. >> he had seen a few, david, as you know. i thi
with both speaker boehner and president obama coming out talkital talking about the fiscal cliff. this week we'll see a round of negotiations capped off by a meeting at the white house between congressional leaders and executive branch coming up on friday. where are they going to end up? there are a lot of solutions kicking around town. the final deal is probably going to end up looking like at least one of these different proposals. let me walk you through four of them here so you get a sense of where we might be headed starting with the simpson bowles plan. they would cap the mortgage industry deduction at $400,000. they would also tax capital gains and dividends as ordinary income and they would have the employer sponsored health care exclusion phased out. that would be a big tax increase there. another plan that's floating around out there, you would see mortgage interest deduction limited to $25,000 of interest. capital gains and dividends here also taxed as ordinary income and the state and local tax deduction would be repealed. the gang of six plan is another one that's kicking aroun
boehner said the other day he's looking at not raising rates but raising revenues probably by broadening the base and limiting or eliminating certain exemptions, credits or deductions. >> here's the problem. speaker boehner says this without getting into too much detail. i saw a poll just before the election, 65% of americans were quite happy for people earning more than a quarter of a million dollars a year to pay more tax. how long can the republicans led by the grover norquist gang sustain a position of there is zero movement or flexibility for any increased taxation when most americans think it's perfectly reasonable given there's a $16 trillion debt that the wealthiest should pay more tax? >> let's give some examples of where the two sides could come together. let's say that if you're president obama hypothetically you wanted to have the wealthy pay more, for example, within entitlement reform i think you could get a bipartisan coalition of people to say in the future, not for current recipients but in the future, we're going to means test certain aspects of entitlement benefits and
are already digging in their heels. speaker boehner, senator minority leader mitch mcconnell, paul ryan. all of them saying they will fight the president on taxes. all of them saying the president doesn't have a mandate. but president obama has something to say about that. >> i have one mandate. i have a mandate to help middle class families and families that are working hard to try to get into the middle class. that's my mandate. >> this is a clear message. it's what americans voted for a week ago. are you sure you want this fight, republicans? democrat from pennsylvania chuck fatah and ezra klein, msnbc policy analyst. he's writing about the fight over taxes today and the piece is called "the big question: how, not whether, to raise taxes." thank you for joining me tonight. >> thank you. >> good to be here. >> congressman, do you think republicans will make a deal or is this 2010 with the tea party all over again? >> well, what the public needs to understand is the income tax system is not fair to them. there is a report done by the congress each year by the joint committee on taxation. sh
. they weren't fighting for the top jobs. that's going to stay john boehner. they're actually fighting for the number four job in the house. the contest was tom price against one of the precious few republican women in the house, cathy mcmorris rodgers. and there were some interesting politics at work here. miss mcmorris rodgers had the support of speaker john boehner, but tom price had the support of this guy, the republican party's vice presidential nominee, paul ryan. in the end, it was cathy mcmorris rodgers who won. paul ryan's guy lost. and so even as they lose the presidency, thanks to a devastating gender gap in the polls, and at the same time they send even fewer republican women to congress than were there before, republicans did today pick for this small, low-profile national republican number four leadership role an actual woman. and that's the best they've ever done. that's the highest ranking gop woman there has ever been in the house. back over on the senate side, republicans are faced with a dilemma set up for them by john mccain, as i was just discussing with bill burt
to be that much wiggle room, speaker boehner sounded a bit optimistic. >> i've outlined a framework for how both parties can work together to avert the fiscal cliff, without raising tax rates. >> a few have looked closely at what the president have had to say, looked closely at what i have to say. there are no barriers here to sitting down and beginning to work through this process. >> the president says that he is open to any ideas, good ideas, from republicans, to get revenue. he said that he will not slam the door in their faces, but still taking that tough stand, that he will not extend those bush-era tax cuts for wealthy americans. we also saw the president take a strong stand, as you pointed out, in defending his ambassador, ambassador susan rice. the president realizing that she's been coming under attack from republicans, in particular, senator john mccain, who's been going after her, because of the narrative that she told shortly after those benghazi attacks. senator mccain saying that he just wants to get all the facts, suggesting that the white house has not been transparent. the pres
, fights breaking out. >>> an abc news exclusive. house speaker john boehner draws a line in the sand two days after the election. saying any tax increase would be unacceptable. the standoff, now, already set, as the president gets surprisingly emotional. >> i'm really proud of all of you. >> in this brand-new footage, released overnight. >>> armed and dangerous. the massive manhunt for the bank robber called the ak-47 bandit. now, caught on tape, holding up banks across the west with an automatic rifle. police racing to track him down before he strikes again. >>> and the surprising revelation from the woman we all know from the dance floor. brooke burke charvet's surprising diagnose. the mother of four's new health battle. >>> always nice to see that we are well-protected here in times square. good morning, everyone. robin is on the mend. elizabeth vargas is back. and, boy, so much anger building up here in the northeast. tens of thousands, now, day 11 without power. the utility companies are under fire for that. and gas is still so hard to find for so many who need it. >> 77% of fuel st
john boehner now open to raising taxes in other ways. but he told abc news that tax rates should remain where they are. >> on the table, but through reforming our tax code. and i would do that if the president were serious about solving our spending problem, and trying to secure our entitlement program. >> reporter: most economists agree that reforming entitlement programs like medicare, medicaid and social security is necessary, but it would involve a grand bargain. it could take months or years to get that done. the deadline for congress just over seven weeks from now. if these cuts take effect, a congressional budget office report says unemployment could climb to above 9%. some entitlement programs such as social security and medicaid are exempt, but just about everything else is on the table. back to you. >> sherri ly, thank you. >> going over the fiscal cliff threatens to impact each and every one of us. how likely is a compromise? what are hill watchers hearing about the fiscal cliff? we'll find out when ed o'keefe of the "washington post" joinsous in our next half hour. >>> new t
mcconnell, house speaker john boehner and nancy pelosi. so, will we get a deal? one man getting a lot of attention is erskine bowles. did you ever think your name would be part of pop culture? you are the bowles in simpson bowles. >> better be simpson bowles than bowles simpson since everybody knows him by his initials here in washington. >> so, when you talk about things, sacred cows, untouchables, whatever the word might be, in your proposal, the one paul ryan decided not to back, the one barack obama decided not to back, you had an increase in the federal gasoline tax. caps on mortgage interest. charitable donations and retirement contributions. these were all top choices. you also increased the eligibility age for medicare and social security. reduced benefits for wealthier seniors. some of those things average democrats and republicans say they agree on, other, they loathe them. is there anything that should be untouchable? >> the problems are real, no easy way out. we've got to come up with at least $4 trillion of deficit reduction and that's not the maximum amount we need to do
Search Results 0 to 49 of about 63 (some duplicates have been removed)

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